Budgeting Tips Archives - Page 2 of 3

Should I Wait Before Collecting Social Security Benefits?

November 6, 2017/in Budgeting Tips /by Becky Bertuzzi

The decision of when to draw social security benefits can have a lifelong impact on one’s ability to have sufficient enough funds to afford retirement. For too many retirees, an insufficient social security nest egg is all they have.

Waiting to collect social security benefits versus not waiting to collect social security benefits can be a difficult decision make. A number of factors need to be taken into account in order to make an intelligent and well-informed decision.

Tips on Managing Cash Flow as a New Business

September 19, 2017/in Budgeting Tips /by Becky Bertuzzi

What with all the talk about “cash flow” and “cash flow management,” it’s worth your while to gain a better understanding of what these terms actually mean.

Positive cash flow, for example, does not mean the business is profitable.

Do You Have An Effective Disaster Recovery Plan?

August 18, 2017/in Budgeting Tips /by Becky Bertuzzi

One of the most significant, if not the most significant function within any secure business is that of risk management. Risk Management equates to having a set of policies and procedures in place that are designed to mitigate losses caused by a myriad of circumstances including natural disasters (floods, tornados, hurricanes, etc.).

https://www.fluentricciardi.com/node/693/edit

April 26, 2017/in Budgeting Tips /by Becky Bertuzzi

One of my favorite sayings is “the only constant is change.” This saying certainly holds true in the business realm where it seems that the mandate is also “growth and go.”

Experience seems to show that upon the purchase of a business the new owner needs to roll-up his or her sleeves and really get to work.

Non-Dischargeable Debts In Bankruptcy

March 4, 2017/in Budgeting Tips /by Becky Bertuzzi

Last month we featured an article that provided a general overview of the types of bankruptcy available to debtors who have hit hard financial times. We addressed the fact that despite the purpose of bankruptcy, that it is supposed to be a mechanism for giving the debtor a chance for a “fresh start,” the ramifications of declaring bankruptcy are far reaching and drastic, to say the least.

Why Keep Personal and Business Finances Separate from Each Other?

January 27, 2017/in Budgeting Tips /by Becky Bertuzzi

If you happen to be in start-up mode you probably haven’t given much attention to the importance of keeping your personal and business finances separate from each other. This blog is certainly not limited just to start-ups, but also includes ill-informed businesses that are beyond the start-up phase of maturity.

Money Management Tips For Couples

December 28, 2016/in Budgeting Tips /by Becky Bertuzzi

Having to manage personal finances is one of the stressful realities that makes up a part of normal daily living. As a single person managing his or her finances, he or she doesn’t have to be concerned with coordinating financial management efforts with anyone else. However, if the scenario involves a couple, such as a husband and wife, an entirely new dynamic is introduced. In theory, at least, there should be some sense of coordination between both members of the couple. What affects one member of the couple affects the other member of the couple, right?

Retiring On A Cruise Ship

August 19, 2016/in Budgeting Tips /by Becky Bertuzzi

While recently assisting a friend who is researching assisted living options for a loved one, I was surprised to come across so much information available online discussing the option of retiring to live on a commercial cruise ship. I think just about everyone is familiar with the option of living in an assisted living home (i.e. retirement home or skilled nursing facility). But to see how popular this cruise ship option is–to take up permanent quarters on a cruise ship among so many retirees–came as a big surprise. The idea that a cruise is limited to short-term vacations just does not seem to be the case anymore.

Budgeting Basics

July 29, 2016/in Budgeting Tips /by Becky Bertuzzi

The purpose of this article is to draw attention to the basics of constructing and using a financial budget.

A budget is a tool that is intended to provide management with a control mechanism for monitoring the organization’s performance. The organization’s performance is evaluated on the basis of financial inflows (income) and financial outflows (expenditures).

Financial Topics That A High School Student Should Know

June 16, 2016/in Budgeting Tips /by Becky Bertuzzi

In recent history there has been a growing amount of concern over the financial illiteracy of our nation’s high school students. One aspect of the problem is that parents and students both assume they know what financial literacy entails, when in truth they only have part of the picture. College Parent Central makes this pertinent observation about what financial literacy actually means: “Financial literacy involves the ability to read, manage, and communicate about personal finances and to have the skills and knowledge to make competent financial choices about banking, credit, insurance, taxes and investments.”